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Belgian (BEL20) Capital Markets Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies11
  • 7D-2.9%
  • 3M-2.5%
  • 1Y-2.6%
  • YTD-3.2%

Over the last 7 days, the Capital Markets industry has dropped 1.8%, driven by Brederode declining 2.7%. Meanwhile, Candela Invest actually outperformed within the industry, gaining 129% in the last week. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

Has the Belgian Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026€5.2b€668.6m€371.7m18.5x14.1x7.8x
Fri, 20 Feb 2026€5.4b€586.2m€290.3m36.8x18.8x9.3x
Sun, 18 Jan 2026€5.5b€586.2m€290.3m37x18.8x9.3x
Tue, 16 Dec 2025€5.3b€586.2m€290.3m37x18.4x9.1x
Thu, 13 Nov 2025€5.4b€617.1m€308.5m36.3x17.4x8.7x
Sat, 11 Oct 2025€5.5b€619.2m€308.1m37.1x17.7x8.8x
Mon, 08 Sep 2025€5.5b€755.6m€673.5m9.7x8.2x7.3x
Wed, 06 Aug 2025€5.4b€755.6m€673.5m9.7x8x7.2x
Fri, 04 Jul 2025€5.5b€755.6m€673.5m10x8.1x7.3x
Sun, 01 Jun 2025€5.5b€967.0m€672.7m8.2x8.1x5.7x
Tue, 29 Apr 2025€5.2b€942.9m€658.6m7.9x7.9x5.5x
Thu, 27 Mar 2025€5.2b€921.9m€658.6m7.9x7.9x5.6x
Sat, 22 Feb 2025€5.1b€795.2m€512.0m10.6x9.9x6.4x
Mon, 20 Jan 2025€5.0b€795.2m€512.0m10.5x9.8x6.3x
Wed, 18 Dec 2024€4.8b€795.2m€512.0m10.9x9.4x6x
Fri, 15 Nov 2024€4.8b€811.2m€525.3m11.3x9.1x5.9x
Sun, 13 Oct 2024€4.9b€811.2m€525.3m11.4x9.4x6.1x
Tue, 10 Sep 2024€4.9b€770.2m€483.7m12.3x10.1x6.3x
Thu, 08 Aug 2024€4.7b€770.2m€483.7m12x9.8x6.1x
Sat, 06 Jul 2024€5.0b€770.1m€483.2m12.2x10.4x6.5x
Mon, 03 Jun 2024€5.2b€732.0m€439.8m12.7x11.7x7x
Wed, 01 May 2024€5.0b€754.9m€439.8m12.8x11.4x6.7x
Fri, 29 Mar 2024€4.8b€754.9m€439.8m12.5x10.9x6.4x
Sun, 25 Feb 2024€4.8b€690.6m€365.6m14.7x13x6.9x
Tue, 23 Jan 2024€4.8b€690.6m€365.1m14.7x13.3x7x
Thu, 21 Dec 2023€4.6b€691.5m€365.6m14.9x12.7x6.7x
Sat, 18 Nov 2023€3.1b€437.6m€191.8m15.5x16.2x7.1x
Mon, 16 Oct 2023€3.1b€437.6m€191.8m15.6x16.1x7x
Wed, 13 Sep 2023€497.0m€58.9m€27.8m15.7x17.9x8.4x
Fri, 11 Aug 2023€496.9m€58.9m€27.8m15.7x17.9x8.4x
Sun, 09 Jul 2023€489.4m€58.9m€28.3m15.5x17.3x8.3x
Tue, 06 Jun 2023€492.5m€150.1m€26.1m48.6x18.8x3.3x
Thu, 04 May 2023€1.8b€372.6m-€11,616,379.0030x-153.2x4.8x
Sat, 01 Apr 2023€1.7b€353.5m-€14,923,132.0045.9x-114.1x4.8x
Price to Earnings Ratio

-114.1x


Total Market Cap: €1.7bTotal Earnings: -€14,923,132.00Total Revenue: €353.5mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Capital Markets Industry Price to Earnings3Y Average 4.8x202420252026
Current Industry PE
  • Investors are optimistic on the Belgian Capital Markets industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.1x which is higher than its 3-year average PE of 4.8x.
  • The 3-year average PS ratio of 7.0x is lower than the industry's current PS ratio of 7.9x.
Past Earnings Growth
  • Total earnings for the Capital Markets industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 24% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Belgian Financials industry?

BE Market-4.47%
Financials-2.66%
Capital Markets-2.93%
Investment Banking and Brokerage0%0
Asset Management-2.94%
Industry PE
  • Investors are most optimistic about the Asset Management industry which is trading above its 3-year average PE ratio of 4.7x.
    • Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings decline of 37.2% per year.
  • Investors are most pessimistic about the Asset Management industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.7x.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 37% per year.
  • In contrast, the Asset Management industry is expected to see its earnings grow by 13% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CAND Candela Invest€2.40128.6%
+€1.4m
42.9%PS0.5x

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